The Lede
Top National News
Lenders are Quietly Lowering FICO Credit Score Requirements for Mortgages
Bankrate.com, Mar. 22, 2019--Natalie CampisiThese increases in LTVs and DTIs are not surprising given that we're in a home-buying environment, especially since home prices are rising much faster than wage growth, says Michael Fratantoni, Mortgage Bankers Association chief economist.
Full Story
Mortgage Rates are Now Breaking New Lower Territory, And They Could Stay There for Months
CNBC, Mar. 22, 2019--Diana Olick"The combination of lower rates - especially compared to last spring - and moderating home-price growth improves buyers' purchasing power and will hopefully translate to a somewhat faster pace of home sales than previously expected," said Mike Fratantoni, chief economist for the Mortgage Bankers Association.
Full Story
The Future of Affordable Housing
Media Planet, Mar. 22, 2019--Ben CarsonHUD Secretary pens op-ed calling on industry and policymakers to improve affordable housing opportunities and spur economic growth.
Full Story
Mortgage Sector Performance May Lag as Fed Pivots to Treasuries
Bloomberg, Mar. 22, 2019--Christopher MaloneyMortgage securities may perform worse than government bonds in the coming months after the Federal Reserve said it plans to move more of its debt holdings into U.S. Treasuries.
Full Story
Trump Offers Fed Board Position to Economic Commentator Stephen Moore
Wall Street Journal, Mar. 22, 2019--Nick Timiraos (subscription)President Trump said Friday he intends to nominate former campaign adviser Stephen Moore to serve on the Federal Reserve's Board of Governors.
Full Story
World’s Biggest Banks Accused of Price-Fixing Fannie Mae, Freddie Mac Bonds
HousingWire, Mar. 22, 2019--Ben LaneThe lawsuit was filed this week by the state of Pennsylvania, which claims that Bank of America; Barclays Capital; BNP Paribas; Citigroup; Credit Suisse; Deutsche Bank; Deutsche Bank Securities; First Tennessee Bank; FTN Financial Securities; Goldman Sachs; JPMorgan Chase; J.P. Morgan Securities; Merrill Lynch; and UBS Securities conspired to both overcharge and underpay investors on debt bonds issued by Fannie and Freddie between 2009 and 2014.
Full Story
Rural America Faces a Housing Cost Crunch
Pew Charitable Trusts, Mar. 25, 2019--Tim HendersonNearly one-fourth of the nation's most rural counties have seen a sizeable increase this decade in the number of households spending at least half their income on housing.
Full Story